Softer-than-expected US Core PCE inflation data has failed to lift the mood in crypto markets on Monday, even though it bolsters the case for a series of Fed interest rate cuts beginning in just a few weeks, with very few top crypto performers of note.
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Bitcoin tumbles below $60K as U.S. inflation data dims hopes for significant Fed rate cuts, triggering market-wide volatility and investor caution.
The post Bitcoin Sinks Below $60K as CPI Data Dashes Hopes for Aggressive Fed Rate Cuts appeared first on Cryptonews. …
Digital asset investment products faced another challenging week, with $1.94 billion in outflows, extending the current four-week streak to $4.92 billion — the third-largest outflow run since 2018, according to CoinShares report.
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